Definition, Meaning & Synonyms

business-firm

noun

ˈbɪz.nɪs fɜːrm

Definition

A business firm is an organization or entity engaged in commercial, industrial, or professional activities, typically aiming to make a profit.

Examples

The software development business-firm expanded to include a new division for mobile applications.
She works at a local law business-firm that specializes in family law.
Many start-up business-firms are focusing on sustainable practices and green technology.

Meaning

The term refers to a company or organization that offers goods or services to customers in exchange for money, often structured in a way to enhance productivity and efficiency in their operations.